11 January 2008 – Important GST Issues to Consider during Liquidation
During liquidation, a liquidator has to manage the company, which includes disposal of assets and sourcing for buyer of the whole or part of the business, besides other responsibilities. Knowing the GST treatment of these matters is important to ensure that the liquidator is in compliant with the GST law.
Seminar Outline:
- Time of supply & Accounting of GST for sale of assets
- Accounting of deemed output tax on assets upon GST de-registration
- Repayment of input tax for expenses outstanding for more than 12 months
- Rules governing the claim of input tax where no supply are
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